Search results for "Farsightedness"

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Farsighted R&D networks

2014

We analyze the formation of bilateral R&D collaborations in an oligopoly when each firm benefits from the research done by other firms it is connected to. In contrast to myopic stability, farsighted stability leads to R&D networks consisting of two minimally connected components, with the largest one comprising three-quarters of firms.

Connected componentEconomics and EconometricsR&D collaborationsStability (learning theory)medicine.diseaseFarsightednessOligopolyCommercefarsightednessnetworksmedicineEconomicsoligopolyMathematical economicsFinance
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